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1. INTRODUCTION
2. ABOUT ERICSSON
3. QUALITY OF WORKLIFE SURVEY
4. FACILITIES IN ERICSSON
5. OPPORTUNITYS AND JOB SECURITY
6. BIBLOGRPHY
INTRODUCTION
Quality of Working Life is a term that had been used to describe the broader
job-related experience an individual has.
1 Quality of Working Life and related concepts: job satisfaction, workplace
stress and quality of life
2 Models and components of quality of working life
3 Measurement
4 Applications
5 References
Quality of Working Life and related concepts: job satisfaction, workplace
stress and quality of life
Whilst there has, for many years, been much research into job satisfaction,
[1] and, more recently, an interest has arisen into the broader concepts of
stress and subjective well-being,[2] the precise nature of the relationship
between these concepts has still been little explored. Stress at work is often
considered in isolation, wherein it is assessed on the basis that attention to an
individual’s stress management skills or the sources of stress will prove to
provide a good enough basis for effective intervention. Alternatively, job
satisfaction may be assessed, so that action can be taken which will enhance
an individual’s performance. Somewhere in all this, there is often an
awareness of the greater context, whereupon the home-work context is
considered, for example, and other factors, such as an individual’s personal
characteristics, and the broader economic or cultural climate, might be seen
as relevant. In this context, subjective well-being is seen as drawing upon
both work and non-work aspects of life.
However, more complex models of an individuals experience in the
workplace often appear to be set aside in an endeavour to simplify the
process of trying to measuring “stress” or some similarly apparently discrete
entity. It may be, however, that the consideration of the bigger, more
complex picture is essential, if targeted, effective action is to be taken to
address quality of working life or any of its sub-components in such a way
as to produce real benefits, be they for the individual or the organisation.
Quality of working life has been differentiated from the broader concept of
quality of life. To some degree, this may be overly simplistic, as Elizur and
Shye,(1990)[3] concluded that quality of work performance is affected by
quality of life as well as quality of working life. However, it will be argued
here that the specific attention to work-related aspects of quality of life is
valid.
Whilst quality of life has been more widely studied[4], quality of working
life, remains relatively unexplored and unexplained. A review of the
literature reveals relatively little on quality of working life. Where quality of
working life has been explored, writers differ in their views on its’ core
constituents.
It is argued that the whole is greater than the sum of the parts as regards
quality of working Life, and, therefore, the failure to attend to the bigger
picture may lead to the failure of interventions which tackle only one aspect.
A clearer understanding of the inter-relationship of the various facets of
quality of working life offers the opportunity for improved analysis of cause
and effect in the workplace.
This consideration of quality of working Life as the greater context for
various factors in the workplace, such as job satisfaction and stress, may
offer opportunity for more cost-effective interventions in the workplace. The
effective targeting of stress reduction, for example, may otherwise prove a
hopeless task for employers pressured to take action to meet governmental
requirements. Models and components of quality of working life
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ABOUT THE COMPANY
ERICSSON
In the early 20th century, Ericsson dominated the world market for manual
telephone exchanges but was late to introduce automatic equipment. The
world's largest ever manual telephone exchange, serving 60,000 lines, was
installed by Ericsson in Moscow in 1916. Throughout the 1990s, Ericsson
held a 35-40% market share of installed cellular telephone systems. Like
most of the telecommunications industry, Ericsson suffered heavy losses
after the telecommunications crash in the early 2000s, and had to fire tens of
thousands of staff worldwide in an attempt to manage the financial situation,
returning to profit by the mid-2000s.
In April 2001, Ericsson and Sony Corp of Japan announced that they were
setting up a joint venture, based in London, to combine their cellular handset
manufacturing businesses.
Financially, 2002 was even worse for the global Internet and
telecommunications industry than the previous year had been due the
excesses of the investment bubbles. LM Ericsson, Royal KPN NV,
Vodafone Group PLC, and Deutsche Telekom AG experienced the biggest
losses in corporate history. The telecommunications sector's problems
brought bankruptcies and job losses, and led to changes in the leadership of
a number of major companies. The most high-profile victim in 2002 was
Ericsson, then the world's largest producer of wireless telecom systems, as it
was forced to let go thousands of staff and raise about $3 billion from its
shareholders.
No of questions 20
a. strongly agree 8
b. Agree 10
c. Disagree 1
d. Strongly disagree 1
a. Extremely motivating 6
b. Fairly motivating 11
c. Neutral 4
a. Yes 15
b. No 5
a. yes 16
b. No 4
8. How far training programs helps an employee to achieve the required skill
for performing the job efficiently?
a) To great extent 12
b) To some extent 6
c) Rarely 2
Response- the response to this question was 90% employees agreed that
training to some or more extent help them achieving the require skill set they
require to do there work more efficiently.
Compensation – As per the industry standard and the work the employees
are doing there compensation package is fair but the view of employee is
different 55% say yes as per there work its fair but as per need they want
more rest 45% say that its not completely fair there opinion is that they
deserve more for the work done by them . But keeping in mind there salaries
my opinion is that in majority cases the compensation given by the company
is fair enough.
1.basic salary- the basic salary that is as per the Industry standards
2. HRA – house rent allowance that is as per the rent rate prevailing in the
city
3. bonus and rewards- there are annual bonuses and performance based
rewards given by the company
4. there are mobile and other reimbursement that are paid in compensation.
5. There are many other perks and allowances given by the company as per
the seniority level.
PERFORMANCE APPRAISAL-
The company has linked performance with appraisal the appraisal of an
employee depends on who well he/ she performs in his /her respective work.
The company uses fair means for appraisal. The subordinate and senior both
give the feedback of the employee that feedback is considered at the time of
his appraisal.
LEAVES
The company provides leave to its employees as per the rules and
regulations there are
casual leaves- the employees can opt for casual leave as per there
requirement
paid leave – In short there are PL for these leaves employees are paid also.
The company recognizes the best performers every month by giving them
certificates of excellence.
The company also recognize the best performers by naming a project onn
there name to reward them.
The company also helds annual awards that are known as power awards that
are given to the employee whose performance have remain excellent through
out the year.
GROWTh OPPORTUNITIES
The company give freedom to its employees for innovation and new
discoveries in the field of technology.
The employees who do any discovery or invention are very well rewarded
by the company.
The company does not practice gender discrimination and promote female
employees .
In the survey conducted on job security 60% people think that they have a
feeling of job security in the company .
The rest 40% were not sur about the security of there job. But Ericsson being
a MNC with exposure in many countries there are many risk associated in
there business which can impact on their financial an may lead to the steps
of downsizing.
BIBLOGY